H.R. 975: Credit Union Board Modernization Act
A House bill (H.R.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | House bill (H.R.) |
| Originating chamber | House |
| Introduced | 2025-02-04 |
| Sponsor | Rep. Vargas, Juan [D-CA-52] |
| Policy area | Finance and Financial Sector |
| Cosponsors | 20 |
| Latest action | 2025-02-11 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-07-19 |
Summary
Official summary (Introduced in House, 2025-02-04):
Credit Union Board Modernization Act
This bill reduces the required frequency of meetings held by the board of directors of certain credit unions. Under the bill, new credit unions and credit unions with a low soundness rating must meet monthly, as required under current law. All other credit unions must hold at least six meetings annually, with at least one meeting held during each fiscal quarter.
Cosponsors (20)
| Name | Party / state |
|---|---|
| Bill Huizenga | R MI (original cosponsor) 2025-02-04 |
| Sean Casten | D IL 2025-02-07 |
| Hillary J. Scholten | D MI 2025-02-07 |
| Warren Davidson | R OH 2025-02-07 |
| Daniel Meuser | R PA 2025-02-07 |
| Bill Foster | D IL 2025-02-07 |
| Young Kim | R CA 2025-02-07 |
| Darrell Issa | R CA 2025-02-07 |
| Russ Fulcher | R ID 2025-02-07 |
| Salud O. Carbajal | D CA 2025-02-07 |
| Gregory W. Meeks | D NY 2025-02-07 |
| H. Morgan Griffith | R VA 2025-02-07 |
| Brad Finstad | R MN 2025-02-07 |
| Dina Titus | D NV 2025-02-07 |
| Judy Chu | D CA 2025-02-07 |
| Brad Sherman | D CA 2025-02-07 |
| Jim Costa | D CA 2025-02-10 |
| Nikema Williams | D GA 2025-02-10 |
| Zachary Nunn | R IA 2025-02-10 |
| William R. Timmons IV | R SC 2025-02-10 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for H.R. 975 are published by Congress on congress.gov.
View H.R. 975 on congress.gov →
Frequently asked questions
What is H.R. 975?
H.R. 975 is a House bill (H.R.) introduced in the 119th U.S. Congress, originating in the House. Official title: Credit Union Board Modernization Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for H.R. 975 are available on congress.gov.
Bill data: congress.gov API (official congressional records).